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ZSAN

Zosano Pharma

$0.64

-0.0502 (-7.28%)

17:01
11/22/16
11/22
17:01
11/22/16
17:01

Zosano Pharma sells entire interest in Zosano, Inc. in $225,000 deal

Zosano Pharma Corporation today announced that it has sold all of its interest in Zosano, Inc. for an aggregate cash purchase price of $225,000. Zosano Pharma Corporation acquired 99.9% of the issued and outstanding common stock of Eco Planet Corp. in October 2013. Zosano, Inc. is a shell company with no operations and no assets. The business and operations of Zosano Pharma Corporation, therefore, are unchanged by this transaction. Following this sale, Zosano, Inc. is no longer a subsidiary of Zosano Pharma Corporation and Konstantinos Alataris, Ph.D. resigned his positions as the sole officer and director of Zosano, Inc. Dr. Alataris continues to serve as the president and CEO of Zosano Pharma Corporation and as a member of its board of directors. The company's ongoing phase III clinical trial for M207 as an acute treatment for migraine continues to progress as planned, with results expected in the first quarter of 2017, as previously announced.

ZSAN Zosano Pharma
$0.64

-0.0502 (-7.28%)

05/16/16
ROTH
05/16/16
NO CHANGE
Target $5
ROTH
Buy
Zosano Pharma remains undervalued, says Roth Capital
Roth Capital analyst Scott Henry believes Zosano Pharma's shares remain undervalued despite potential needs for future financing in 2017. Positive events, like out-licensing its ZP-Glucagon, out-licensing its ZP-PTH, or positive ZP-Triptan data, could have an oversized impact on the depressed share price, the analyst tells investors in a research note. Henry reiterates a Buy rating and $5 price target on the shares.
08/11/16
LTCO
08/11/16
DOWNGRADE
LTCO
Neutral
Zosano Pharma downgraded to Neutral from Buy at Ladenburg
Ladenburg Thalmann analyst Matt Kaplan downgraded Zosano Pharma to Neutral saying the company will need to raise "significantly more cash" for operations in 2017. The analyst is also uncertain about Zosano's market opportunity.

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ETR

Entergy

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TXT

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PEG

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MITT

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NGVT

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SND

Smart Sand

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AOBC

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LUV

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